Apple's Top Legal Eagle Bails on AAPL
Apple's top legal counsel is ringing the register and cashing in on his shares of AAPL.
Based on information contained within a recent filing with the US Security and Exchange Commission, Apple's general counsel Bruce Sewell has parted with 2,438 shares of AAPL at $549 per share and another 2,700 shares at $550 per share. If you do the math, that amounts to a staggering $2.8 million.
But that wasn't Sewell's only cash grab this month. According to SEC records, Sewell also sold 5,137 shares of AAPL stock on November 1st - a move that delivered a cool $3 million to Apple's legal guru.
As more time passes, we're learning that Sewell wasn't alone in his selling ways of late. Just four days ago, Apple Chairman of the Board Arthur Levinson sold 7,500 shares of AAPL (when the stock was trading at $560) to take home a hefty chunk of change amounting to $4.2 million.
Source: Apple Insider